“Businesses play an important role in tackling climate change by investing in renewable energy generation. IKEA has set an ambition to be climate positive by 2030, reducing more greenhouse gas emissions than the value chain emits. A key part of this transformation will aim to use 100% renewable energy throughout the entire IKEA value chain. At IKEA we also want to empower the many people to generate their own renewable energy and together make a bigger impact. We call on governments to set the right policies to fulfil our ambition to live within the limits of the planet,” said Pia Heidenmark Cook, CSO of IKEA Group (Ingka Holding).

Big business gathered at RE-Source is united in its call for European governments to simplify the processes for investing and sourcing clean power. The declaration wants to build on the billions of euros in corporate power purchase agreements (PPAs) already signed, speeding up the energy transition, and creating jobs, by encouraging policymakers to ditch all regulatory and administrative obstacles blocking further progress.

“Corporate sourcing of renewable energy plays a key role in accelerating Europe’s clean energy transition. The demand from corporates is clear. With the Renewable Energy Directive having being passed, we look forward to a regulatory framework further enabling corporate PPAs to allow more investments in renewable energy, taking us ahead in our journey towards a greener Europe,” added Vanessa Miler, Renewable Energy Strategist, Microsoft.